29 Quotes by John Karevoll

It's not that it's a particularly active market. It's just that more homes are in that category because of that rise in the rate of appreciation.

It's part of a broader trend. Nationwide there are markets that have a ways to go, especially in the Midwest. But we're much closer to the end of the cycle than the peak. Now we're watching how it plays out -- whether it's going to smash into a wall or just level off for a while.

It's still going up, not as fast as it was a half year or a year ago.

The boom part of the cycle is over. Most of the gains this time around are behind us. Now the question is how much of those gains do we get to keep.

It's clearly a market mix issue. Expensive homes are not selling as fast as inexpensive homes.

These numbers include condo conversions and (that) activity increased sharply last year. Since they are lower-cost homes, they pull down the median.

The million-dollar cycle hasn't completely played itself out in the more affordable areas, which include the Inland Empire. There is more to happen there.

In most markets, the boom phase of the real estate cycle is behind us. The market is reestablishing a balance between supply and demand, buyers and sellers.

I don't think they're less cautious. But they've just understood that they can sell more. There's just continued strong demand for homes, and the builders are trying to build homes that will sell.